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Daily forex-report by epic research 14 dec 2012

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 HEADLINES  Rupee trims initial gains vs dollar, still up 15 paise In line with equity market, the rupee trimmed its earlier gains but was still quoted up by 15 paise at 54.17 per dollar on mild selling of the American currency from banks amid persistent foreign capital inflows in stock market. The rupee resumed higher at 54.15 per dollar as against the last closing level of 54.32 at the Interbank Foreign Exchange (Forex) Market and moved up further to a high of 54.10. However, it failed to maintain earlier gains and was quoted at 54.17 per dollar at 1050 hrs. It hovered in a range of 54.10 and 54.23 per dollar during the morning deals. TRADING TIPS Rupee opens at 54.17 per dollar BUY USD/INR The Indian rupee opened at 54.17 per dollar versus ABOVE 54.62 54.32 yesterday.sharad Pawaar, SPFX India said, "The FOR TGT rupee may gain marginally amid mixed global cues. 54.77/54.92 Positive sentiment in domestic equity markets is likely SL 54.42 to support the currency. The range for the day is seen PAST between 54.10-54.45/USD." PERFORMANCE RBI REFERENCE RATE BUY EUR/INR As on 13TH December 2012 ABOVE 70.97 FOR TGT UNDERLYING RATE 71.12/71.27 USDINR 54.2320 SL 70.77 EURINR 70.9440 TARGET ACHIEVED GBPINR 87.5304 JPYINR 64.8600www.epicresearch.co +919752199966

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FOREX FORTHCOMING DATA TIME CURRENCY DATA ACTUAL FORECAST PREVIOUS 2:00pm EUR German Flash 47.1 46.8 Manufacturing PMI 7:00pm USD Core CPI m/m 0.2% 0.2% 7:30pm USD Flash Manufacturing PMI 52.6 52.8 7:45pm USD Capacity Utilization Rate 77.9% 77.8% 7:45pm USD Industrial Production 0.3% -0.4% m/mDisclaimerThe information and views in this report, our website & all the service we provide are believed to be reliable, but we do notaccept any responsibility (or liability) for errors of fact or opinion. Users have the right to choose the product/s that suits themthe most.Sincere efforts have been made to present the right investment perspective. The information contained herein is based onanalysis and up on sources that we consider reliable.This material is for personal information and based upon it & takes no responsibilityThe information given herein should be treated as only factor, while making investment decision. The report does not provideindividually tailor-made investment advice. Epic research recommends that investors independently evaluate particularinvestments and strategies, and encourages investors to seek the advice of a financial adviser. Epic research shall not beresponsible for any transaction conducted based on the information given in this report, which is in violation of rules andregulations of NSE and BSE.The share price projections shown are not necessarily indicative of future price performance. The information herein, togetherwith all estimates and forecasts, can change without notice. Analyst or any person related to epic research might be holdingpositions in the stocks recommended. It is understood that anyone who is browsing through the site has done so at his free willand does not read any views expressed as a recommendation for which either the site or its owners or anyone can be heldresponsible for . Any surfing and reading of the information is the acceptance of this disclaimer.All Rights Reserved.Investment in equity & bullion market has its own risks.We, however, do not vouch for the accuracy or the completeness thereof. we are not responsible for any loss incurredwhatsoever for any financial profits or loss which may arise from the recommendations above epic research does notpurport to be an invitation or an offer to buy or sell any financial instrument. Our Clients (Paid Or Unpaid), Any third party oranyone else have no rights to forward or share our calls or SMS or Report or Any Information Provided by us to/with anyonewhich is received directly or indirectly by them. If found so then Serious Legal Actions can be taken. www.epicresearch.co +919752199966